Representatives of 500 CSOs have presented their vision for an agreement between public authorities and civil society in the Kurdistan region of Iraq following four months of consultations. The draft agreement, which will serve as a basis for upcoming discussions with Parliament and Government, is intended to improve cooperation between public authorities and civil society […]
ShaMaran Petroleum has announced its financial and operating results for the year ended December 31, 2012. Unless otherwise stated all currency amounts indicated as “$” in this news release are expressed in thousands of United States Dollars. Highlights The Company announced on February 4, 2013 an increase of 35% in Best Estimate 2C Contingent Resources […]
The United States Government, through the U.S. Agency for International Development (USAID), signed a Memorandum of Understanding with the Iraqi Ministry of Oil on March 17. This agreement outlines U.S. support for the Ministry to improve the effectiveness and transparency of its operations. Held at the U.S. Embassy in Baghdad, the signing ceremony was attended […]
By Saleh Elias. This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The people of Kirkuk won’t be voting in the Iraqi elections because of ongoing issues about whom the area belongs to. Frustrated, some are saying Kirkuk […]
From Jewish News One. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Thousands have gathered in the Iraqi capital Baghdad to join the powerful Shiite cleric Muqtada al-Sadr in protest against sectarianism and to demand the resignation of the country's Prime Minister Nouri al-Maliki: […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 14th March 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,658 / $1,793 (-1.0%) (weekly change). The number of week traded shares was 6.1bn and the weekly trading […]
By John Lee. Indonesia's Coordinating Minister for the Economy, Hatta Rajasa (pictured), has said Pertamina is considering taking a stake of up to 20 percent in the West Qurna-I block, which is owned by Exxon Mobil. According to a report from Fox Business, Mr. Rajasa told reporters: "Exxon has got a new oil field in […]
By Matthew Gayle. The Iraqi government has signed a memorandum of understanding (MoU) with Romanian railcar producer Astra to establish a joint railway company based in Iraq. According to Al-Shorfa, the Iraqi-Romanian company, which will specialize in producing trains, will be based in al-Samawa, southern Iraq. The company will also focus on rehabilitating the train […]
From Jewish News One. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A decade after war and the toppling of dictator Saddam Hussein, Iraq's Kurdistan is experiencing a construction and economic boom: (Source: Jewish News One)
Epsilon Telecommunications, the world’s largest global telecoms network exchange, has been selected by Iraqi network operator FastIraq to provide international connectivity and local access to enterprise locations globally. This extends FastIraq’s network reach to new destinations and allows it to leverage interconnects with Epsilon’s more than 450 preconnected carriers. Epsilon will provide local access from […]
Menara Networks, a vertically integrated provider of IP/Ethernet DWDM transport solutions that greatly simplify optical networking, announced on Friday that IQ Networks, a leading facility-based fiber Internet Service Provider in Iraq, has selected Menara Networks transponder-less DWDM solution to build a state-of-the-art national 10 Gbps IP over DWDM network in Iraq. IQ Networks will use […]
By John Lee. Warka Bank has issued the following statement with regard to its legal case against the Central Bank of Iraq: "With regards to the legal court case Warka Bank for Investment and Finance has filed against the Central Bank of Iraq Warka Bank for Investment and Finance is delighted to inform its cliental, […]
